News for hackers. Stuff that matters.
Re:Half of the US government's financial assets are student ... by lotsofpulp on Friday January 12, 2018 @08:18PM (#16137699)
It doesn't matter whether or not Social Security has a nominal surplus or deficit, the important part is what that dollar of Social Security benefit will buy you. Unless there is a secular shift in the tax base such as much more immigration, much higher incomes, or many more children, demographics suggest a smaller portion of the country working to pay for a larger portion of the non working country.

Other countries are already seeing this, but there is no escape from raising the retirement age, and the best way to slash benefits, which is to keep them behind real inflation. Also, medicare is an even bigger problem as it has no upper limit on spend, which will also have to be cut somehow.

Bottom line is, the more resources you spend on the past, such as aging people and infrastructure, the less you can on the future, such as for you and your kids. That is unavoidable.

There are no comments on this comment yet.